Has to do with the interest rate some of the assets accrue before they are divvied up in the reorg. The holders of certain securities would only get the Federal rate instead of some other prevailing rate if these guys were proven to be messing around trading stuff on inside info. They will lose the interest on their (already) fraudulant gains. At any rate, about $600M would trickle down to the preferreds (who now share with TPS). Sooooo at the end of the day this alone would be worth about an additional 10% recovery to all preferred classes across the board. This would make WAMPQ worth about $100, WAMKQ about $2.50, and would add theoretically about 30 cents/share to WAMUQ assuming the preferreds/TS were already paid in full and the commons receive all the benefit of the $600 mil. Anyway thats how I understand it.
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